🔥 Hey! It's been a rather intense week as XRP has risen pushing gains far grater than any other altcoin with it's insane rally up to 60 cents leading the way for altcoins and creating a new high for the year. Can see how we gave a quick high five to our 60 cent friend before retracing to where we are now just managing to avoid the 200 EMA.
🔥 I've been checking in very periodically with XRP during this and it's rather wild, almost seems as if XRP just can't lose. Every time we lose the 200 EMA on the minute chart or get close to the 3 minute whales simply keep coming in and buying up or submitting huge buy orders to prevent us from losing that 200 EMA seemingly throwing everything they got.
🔥 Personally I hope I'm wrong and XRP start's off a strong reversal down, would allow us some space to breath and be a healthy retracement else we continue to risk that mountain fall that's happened almost every time XRP has formed a new recent high usually causing it to slip and fall down but seems like buyers simply won't let that happen at all.
🔥 Can see in the chart above just how that buying pressure kicks in so strong every time we get close to losing the 200 EMA on the 15 minute, it's even more dramatic on the 1 and 3 minute timeframes with buyers again throwing what they've got at the coin. All this comes as well as the XRP case is looking to potentially be settled soon with things looking optimistic for XRP as more and more developments emerge and come out every day. That's the biggest reason for XRP's rally and continued buying right now.
🔥 Please bear in mind the minute chart below as well:
🔥 I've added some recent markings in the black lines as they have been acting as new points of resistance and support as we go through the waves up and down looking for our next shore and possible destination. 0.541 is that resistance point with 0.60 being the next all the way up of course and 0.526 acting as our support so far so please bear that in mind and make some notes, thank you.
🔥 We've come up all this way with our 200 EMA managing to avoid losing it but at some point we've got to meet up with it again and when that is will be up to buyers and sellers but bear in mind our new recent markings and bear in mind again past price action and what's usually happened after a big impulse wave up, this case could be different as the price action is relative to the case but doesn't mean that market makers don't have control to change things either so definitely set some alerts and check in.
🔥 If you'd like to leave a like or follow it'd be much appreciated of course, simply providing what I can of my observations and posting whenever possible for you guys. Wishing nothing but the best!
~ Rock '
🔥 I've been checking in very periodically with XRP during this and it's rather wild, almost seems as if XRP just can't lose. Every time we lose the 200 EMA on the minute chart or get close to the 3 minute whales simply keep coming in and buying up or submitting huge buy orders to prevent us from losing that 200 EMA seemingly throwing everything they got.
🔥 Personally I hope I'm wrong and XRP start's off a strong reversal down, would allow us some space to breath and be a healthy retracement else we continue to risk that mountain fall that's happened almost every time XRP has formed a new recent high usually causing it to slip and fall down but seems like buyers simply won't let that happen at all.
🔥 Can see in the chart above just how that buying pressure kicks in so strong every time we get close to losing the 200 EMA on the 15 minute, it's even more dramatic on the 1 and 3 minute timeframes with buyers again throwing what they've got at the coin. All this comes as well as the XRP case is looking to potentially be settled soon with things looking optimistic for XRP as more and more developments emerge and come out every day. That's the biggest reason for XRP's rally and continued buying right now.
🔥 Please bear in mind the minute chart below as well:
🔥 I've added some recent markings in the black lines as they have been acting as new points of resistance and support as we go through the waves up and down looking for our next shore and possible destination. 0.541 is that resistance point with 0.60 being the next all the way up of course and 0.526 acting as our support so far so please bear that in mind and make some notes, thank you.
🔥 We've come up all this way with our 200 EMA managing to avoid losing it but at some point we've got to meet up with it again and when that is will be up to buyers and sellers but bear in mind our new recent markings and bear in mind again past price action and what's usually happened after a big impulse wave up, this case could be different as the price action is relative to the case but doesn't mean that market makers don't have control to change things either so definitely set some alerts and check in.
🔥 If you'd like to leave a like or follow it'd be much appreciated of course, simply providing what I can of my observations and posting whenever possible for you guys. Wishing nothing but the best!
~ Rock '
